FAC Explorer

Audit 22373

FY End
2022-06-30
Total Expended
$1.25M
Findings
2
Programs
1
Organization: Northwest Connecticut Association for the Arts, Inc. (CT)
Year: 2022 Accepted: 2023-04-27
Auditor: Marcum LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
22447 2022-002 Material Weakness - L
598889 2022-002 Material Weakness - L

Programs

ALN Program Spent Major Findings
59.075 Shuttered Venue Operators Grant Program $1.25M Yes 1

Contacts

Name Title Type
TNV9XGN57JY7 Rufus De Rham Auditee
8606185151 Frank Miceli Auditor
No contacts on file

Notes to SEFA

Title: Note 1: Basis of Presentation Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe accounting policies of Northwest Connecticut Association for the Arts, Inc. conform toaccounting principles generally accepted in the United States of America as applicable tonot-for-profit organizations.The information in the Schedule of Expenditures of Federal Awards is presented based uponregulations established by Uniform Guidance.BASIS OF ACCOUNTINGThe expenditures reported on the Schedule of Expenditures of Federal Awards are reportedon the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: NOTE 3 INDIRECT COST RATENorthwest Connecticut Association for the Arts, Inc. has elected not to use the 10% deminimis indirect cost rate allowed under the Uniform Guidance. NOTE 1 BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal grant activity of Northwest Connecticut Association for the Arts, Inc. (theOrganization) under programs of the federal government for the year ended June 30, 2022.The information in the schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because theschedule presents only a selected portion of the operations of Northwest ConnecticutAssociation for the Arts, Inc., it is not intended to and does not present the financial position,changes in net assets of cash flows of Northwest Connecticut Association for the Arts, Inc.

Finding Details

Finding 2022-002
Finding 2022-002 ? Material Weakness ? Late Submission of Federal Single Audit Report Criteria - Northwest Connecticut Association for the Arts, Inc was required to have its Uniform Guidance audit completed and uploaded to the federal clearinghouse website by March 31, 2023. The audit was not completed and uploaded until after this date. Cause - Due to employee staffing difficulties in the finance and accounting department predominantly caused by the pandemic, the accounting records were not completed in a timely manner. Condition ? The audit was not completed and uploaded until after the due date of March 31, 2023. Effect of Potential Effect - Untimely reports can prevent the Organization?s funders to make appropriate decisions regarding the Organization?s programs. Questioned Costs - None Context ? The Schedule of Expenditures of Federal Awards was not completed in a timely manner causing the audit to be delayed and late. Recommendation ? Management should make the proper changes to its finance functions to ensure it has sufficient staffing resources to keep its accounting records up to date for its federal programs. Views of Responsible Officials - See Corrective Action Plan.
Finding 2022-002
Finding 2022-002 ? Material Weakness ? Late Submission of Federal Single Audit Report Criteria - Northwest Connecticut Association for the Arts, Inc was required to have its Uniform Guidance audit completed and uploaded to the federal clearinghouse website by March 31, 2023. The audit was not completed and uploaded until after this date. Cause - Due to employee staffing difficulties in the finance and accounting department predominantly caused by the pandemic, the accounting records were not completed in a timely manner. Condition ? The audit was not completed and uploaded until after the due date of March 31, 2023. Effect of Potential Effect - Untimely reports can prevent the Organization?s funders to make appropriate decisions regarding the Organization?s programs. Questioned Costs - None Context ? The Schedule of Expenditures of Federal Awards was not completed in a timely manner causing the audit to be delayed and late. Recommendation ? Management should make the proper changes to its finance functions to ensure it has sufficient staffing resources to keep its accounting records up to date for its federal programs. Views of Responsible Officials - See Corrective Action Plan.